Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1887-05-26
THE STATE OF TRADE.

r. g. Dun & Co., in their weekly trade
review say The most important news
Of the week. If confirmed, is that the In
ter-State Commerce Commission will Ie-
woke all temporary suspensions of the
short haul clause. terminating them July
1. The revolution in business must there
fore progress until its full effects has been
realized. Some of them are seen in the
contract taken by the Canadian Pacific
to move eastward the wool of California
and 10, 000, 900 pounds of sugar, and in
the marked revival oil shipments Around
the Horn" Others appear in the decline
of trade At the large centers of distribu-
ton and the manufacture increase of dis
tribution at smaller towns, with an up
springing Of new manufacturing works
at many localities. For twenty-fi five years,
the railroads have been annihilating
barriers of distance. The new law tends
to restore the old barriers and to put Sec
tiOns, cities and towns further away from
each other. Closely connected are the
numerous labor troubles most of which
grow out of narrowed fields for distribu-
ton Of products. Local reports are gen.
orally encouraging with no instances Of
unusual delays in connections. Where
business il deemed dull it is in every case
pronounced larger than at the same sea-
son last year. A remarkable feature is
that money is respected in abundant sup
ply everywhere except Chicago and New
York, while the demand is said to be
moro limited at Detroit, but very good al
Cleveland, where the largest rates are re.
ported, as at Omaha to 10 per cent
Capitalists offer banks large sums at SIX
per cent, which are refused. Real estate
speculation IL maintained there and at
other points by the rapid investment OF
local and eastern capital. At Nashville
the ruling excitement is the coming sale
Of lots in the new town, West Nashville,
where new iron works are to be located
The increased demand for money at Chi
cago springs from wheat speculation, and
produce operators are busily seeking as
surances of more aid from banks, while
New York exchange falls to 40 per cent
discount. Wheat rose cents last Satur
day. but weakened again, and after q
week of uncertainty with sales Of 81, 900,
600 bushels here, closes less than cent
above last week. Corn and oats are
weaker, oil over cent lower pork pro.
ducts dull, and sugar unchanged. In cof-
fee there has been wild advance, with
sales Of 952. 500 bags. here, but the rise OF
l cent is wholly speculative. Stock spec.
ulation has been active with some ad.
vance, but:the American public is not alb
sorbing securities The enormous offer
ing on the Paris loan and the low rate fol-
money at London. account for the tenn
porary use of large amounts here. The
weak point is the decline of 3 per cent in
produce exports for the past three weeks
against an increase of 5 per cent in i'm
ports. In dry goods strong improve
ment in cottOns causes an advance in
many brown and blcached goods, and
drills with standard browns at u cents,
but the exceeding dullness in woolens
continues unreleaved. The recent heavy
failures in German houses in the Ameri-
can trade discloses over.production and
Improbable competitor on that side The
businrss failures during the last seven
days number for the United States 152 ;
for Canada 20. Total 1870, against 1877
last week, and 1877 for the corresponding
week last year. Failures in the south
are very light, and the other sections Of
the country are below the average, per-
haps except in the Pacific States and
Canada, where casualties are on the in
crease.